{"id":622061,"date":"2018-11-26T04:10:53","date_gmt":"2018-11-26T04:10:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/central-bank-putting-final-touches-on-revised-banking-act-to-present-it-by-year-end\/"},"modified":"2018-11-26T04:10:53","modified_gmt":"2018-11-26T04:10:53","slug":"central-bank-putting-final-touches-on-revised-banking-act-to-present-it-by-year-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/central-bank-putting-final-touches-on-revised-banking-act-to-present-it-by-year-end\/","title":{"rendered":"Central bank \u201cputting final touches\u201d on revised Banking Act to present it by year end"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- The central bank is \u201cputting the final touches\u201d on the revised Banking Act <\/strong>and is on track to present it to the Madbouly Cabinet by the end of the year, unnamed sources said<\/a>. CBE Governor Tarek Amer had discussed with President Abdel Fattah El Sisi earlier this month<\/a> final amendments to the bill, which once approved by the cabinet will move to the House of Representatives for committee review and a vote in the general assembly. An earlier draft of the bill was controversial<\/strong> for expanding the powers of the central bank as the industry\u2019s regulator, imposing term limits on bank managing directors, and proposing an annual tithe on bank profits to endow an industry development fund.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- The central bank is \u201cputting the final touches\u201d on the revised Banking Act and is on track to present it to the Madbouly Cabinet by the end of the year, unnamed sources said. CBE Governor Tarek Amer had discussed with President Abdel Fattah El Sisi earlier this month final amendments to the bill, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[3679,72,180,2380,927],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622061","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking-act","tag-enterpriseam","tag-legislation","tag-speed-round","tag-tarek-amer","wpautop","entry"],"acf":{"mongo_id":"2b881296-438f-46a9-8155-ab04db3c1342","order":"0","is_powered_by":true,"section_story_id":"13f58fc1-3712-426c-af99-588abb751abc","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622049],"teaser":"","voice_url":""},"yoast_head":"\nCentral bank \u201cputting final touches\u201d on revised Banking Act to present it by year end - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/central-bank-putting-final-touches-on-revised-banking-act-to-present-it-by-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central bank \u201cputting final touches\u201d on revised Banking Act to present it by year end\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- The central bank is \u201cputting the final touches\u201d on the revised Banking Act and is on track to present it to the Madbouly Cabinet by the end of the year, unnamed sources said. 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CBE Governor Tarek Amer discussed with President Abdel Fattah El Sisi yesterday the long-planned overhaul of the Central bank and Banking Act, Ittihadiya said. A source familiar with the matter had said earlier this year that the central bank\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567253,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-committee-asks-amer-to-clarify-aspects-of-banking-act\/","url_meta":{"origin":622061,"position":1},"title":"House committee asks Amer to clarify aspects of Banking Act","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"LEGISLATION WATCH- House committee asks Amer to clarify aspects of Banking Act: The House of Representatives\u2019 Economic Committee has approved the proposed overhaul of the Central Bank and Banking Act in principle but asked central bank Governor Tarek Amer to clarify several aspects of the bill, according to Al Mal.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/621.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599890,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/14\/central-bank-of-egypt-finalizes-draft-banking-act-sends-to-cabinet-for-review\/","url_meta":{"origin":622061,"position":2},"title":"Central Bank of Egypt finalizes draft Banking Act, sends to Cabinet for review","author":"enterpriseam admin","date":"14 January 2019","format":false,"excerpt":"LEGISLATION WATCH- The central bank has finished drafting its new Banking Act and has sent it to the Madbouly Cabinet for review, Youm7 quotes CBE Deputy Governor Lobna Helal as having said yesterday at CI Capital\u2019s MENA Investors Conference. The timing of cabinet\u2019s review remains unclear. CBE Governor Tarek Amer\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598125,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/cbe-boss-presents-draft-banking-act-to-cabinet\/","url_meta":{"origin":622061,"position":3},"title":"CBE boss presents draft Banking Act to cabinet","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"LEGISLATION WATCH- Central Bank of Egypt Governor Tarek Amer presented to the Cabinet economic group yesterday an amended draft of the Banking Act, Al Mal reports. 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